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14024 Shivers Cove San Antonio, TX 78254

5 Beds 4 Baths 2,680 sqft Built 2017

$280,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $104.48
  • 3 Days on Market
  • MLS # : 1511209
  • Updated Date : 02/26/2021 at 20:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,680 sqft
  • Baths : 3 full , 1 half
Listing Agent

Texas Premier Realty

Listing Agent's Description

20k Less then buying brand new*This sought after Landry plan is the Biggest of the bunch featuring 5 bedrooms 3.5 bath and a Huge Game room*Master bedroom Downstairs*Raised Vanity with Double Sinks, Separate Shower and Tub for Master bath*Granite counters in kitchen with Beautiful Breakfast bar and SS appliances(Gas Stove)*Ceramic tile in all wet areas, Living room, and Dinning (more Durable then Vinyl plank)*Covered patio*Your Family is going to Absolutely Love the Amenity center thats basically like a mini Splash Town, It truly is like No others*Sought after Valley Ranch Location*Ready for a new homeowners

SEE MORE

MARKET HIGHLIGHTS

  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Unknown NA
Harlan High School High Unknown NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$973
Property Tax -$625
Property Insurance -$182
HOA -$63
Property Management Fees -$99
CASH FLOW
$69

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,295

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,010

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0104$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 14024 Shivers Cove San Antonio, TX 3
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.75
    •  
  • 8939 Hickman Park San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 8722 Addison Ridge San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,537 Sqft ∙ Built 2016
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 13818 Murphy Haven San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 8926 Ironwood Hill San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Daniel Rodriguez
1.210.835.8508
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511209
Last Updated: 02/26/2021
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